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    Common agriculture police in the EU, direct payments, solvency and income

    Mamatzakis, Emmanuel and Staikouras, C. (2020) Common agriculture police in the EU, direct payments, solvency and income. Agriculture Finance Review 80 (4), pp. 529-547. ISSN 0002-1466.

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    Abstract

    This study examines the impact of direct payments, which include all subsidies, of the EU’s Common Agriculture Policy (CAP) on agriculture income as measured by the net value added. We also control for solvency. Despite the magnitude of CAP on the EU budget, few studies investigate the impact of direct payments on income in the aftermath of the financial crisis. This is surprising given the importance of agriculture for the economic recovery of the EU that remains anaemic more than a decade post the crisis. Design/methodology/approach: We employ agriculture data for all twenty-eight EU Member States. The data comes from the public Farm Accountancy Data Network (FADN) of the EU. In terms of methodology we employ panel regression and panel Vector Autoregression analysis (panel VAR) to take into account possible endogeneity issues.

    Metadata

    Item Type: Article
    School: Other
    Divisions > Other

    School of Business, Economics & Informatics > Management
    Research Centres and Institutes: Accounting and Finance Research Centre
    Depositing User: Emmanuel Mamatzakis
    Date Deposited: 16 Jul 2020 12:00
    Last Modified: 10 Jun 2021 06:42
    URI: https://eprints.bbk.ac.uk/id/eprint/32527

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